Sold sign goes on monster mansion
Your hopes of living in the lap of luxury have diminished slightly with the sale of a Waikato mansion.
The home at 103 Te Awa Road, Tamahere, has been sold to an undisclosed buyer at an undisclosed price.
An estimated value of the property on homes.co.nz is $3.8 million.
The Lodge Real Estate property listing by agents Gemma Lewell and Craig Annadale pitched the house as 1309 square metres with five bedrooms, five bathrooms, five living areas and a three-car garage.
Lewell said it was the most expensive house she’d sold.
‘‘We had it on the market for 16 days and then had it under offer. It had been listed with another agency prior to this.
‘‘We did have a few inquiries on it by both local and overseas buyers,’’ Lewell said.
Other features of the house include a heated pool, sauna, media room, bar and a workshop.
‘‘It certainly was one of the largest homes in the Waikato. I believe it was the largest in New Zealand when it was first built. It is 1309 square metres, so it really is the epitome of luxury real estate and a unique offering within the Waikato market.’’
Annandale said the new owners asked to remain anonymous and that the price they paid for the property not be disclosed.
Lewell believes that the new owners do intend to live in it, but she wasn’t sure if they were from New Zealand or from overseas.
‘‘It’s beautiful. It really is a stunning home, very grand. Spread over three levels with amazing views of the Waikato River, it has an indoor pool, a sauna, and a divine master suite as standout features. It had been extensively refurbished by the current owners.’’
The fact it sold so fast didn’t surprise her.
Lodge managing director Jeremy O’Rourke doesn’t think that the new Labour-led government’s plan to stop foreign speculators buying New Zealand properties, by classifying all existing houses as ‘‘sensitive’’ under the Overseas Investment Act, will affect those in the Waikato.
‘‘Most of the people we do see buying are buying to use themselves.’’
Lodge Real Estate sold the house within 16 days of listing it.